2007-03-16 01:52:43 · 8 answers · asked by james B 3 in Politics & Government ➔ Other - Politics & Government
Yes it would. The increase seen in defense spending has increased the national debt. This has negative effect on the value of the dollar and on inflation rates.
Brian - You are way off base - economy generally does poorly in war time, recovers after war is over.
2007-03-16 02:07:34 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The economy is in good shape and has been for several years. There are some signs of a slowdown, but the experts are not predicting a recession. Actually if you study traditional wartime models the economy is almost always in better shape during wartime. This based on more jobs available due to duty requirements for the military and increased wartime production requirements.
Now if you want to talk about the deficit and wartime spending that is a different matter entirely. However even in this area war spending only represents a portion of the increased growth of the deficit over the last 6 years. Discretionary spending in other areas, such as earmarks accounts for a greater percentage of the deficit increase. In short, we are not being fiscally responsible on a government level, but the war is not the major contributing factor. Even given all of these factors the economy is still not suffering as a whole at this time. Statements to the contrary are a political myth. The fastest way to sow the seeds of discourse among the populace in this country is too either promote the appearance of weak economy, or that taxes are too high. So it has always been, so it shall always be.
evilindependent: Name one war with runaway inflation in the United States in the modern age. Further name one war where recession thrived, or where unemployment was an issue. Sorry you are the one who is off base. I will grant you that the economy tends to explode after wars end. As to devaluation of the dollar this is more due to the debt load of the country and an imbalance regarding foreign trade than anything war related.
2007-03-16 02:04:18 · answer #2 · answered by Bryan 7 · 2⤊ 0⤋
In my opinion without the war our economy would greatly be in better shape. The war in Iraq is costing BILLIONS if not TRILLIONS. Also considering the fact that before the war most of the oil and other nonrenewable resources were baught from the Middle East. All in all the war in Iraq was not a good decision, Saddam is dead, Bin Laden "Is" dieing, it's over. We can't turn everyone in the entire world to go with Democracy. They are their own country let them run it how they want to.
2007-03-16 02:00:16 · answer #3 · answered by Jason102591 2 · 2⤊ 1⤋
Yes, the economy would be better off without the war. I recommend that you read the book 1984 by George Orwell. Pay special attention to the "War is Peace" Chapter in Goldstein's book.
2007-03-16 01:58:14 · answer #4 · answered by tn5421 3 · 0⤊ 0⤋
Yes the ecomy is better due the fact that we are in war. It sucks that we are in war and that are loved ones are away but it is beneficial to the economy.
2007-03-16 02:03:12 · answer #5 · answered by Karl E 1 · 0⤊ 1⤋
Its hard to say.
War spending has definitely boosted the economy.
On the other hand, it has also caused our government to engage in massive deficit spending, which makes investors jittery, especially over the value of the dollar.
2007-03-16 02:00:45 · answer #6 · answered by Time to Shrug, Atlas 6 · 0⤊ 0⤋
on the contrary, war always gives the economy a nice boost
2007-03-16 02:08:30 · answer #7 · answered by Anonymous · 1⤊ 1⤋
Um....the economy is in great shape. I think you need to take another look at the American and Global Stock numbers....seriously.
2007-03-16 01:58:00 · answer #8 · answered by Q-burt 5 · 1⤊ 1⤋